Anju Agarwal, R.P. for Shree Bhawani Paper Mills Ltd., filed an appeal against Bombay Stock Exchange & Ors. The appeal was delayed in re-filing, which the court condoned. The court issued notices to the respondents to determine why an appropriate order should not be issued to ensure a proper insolvency resolution process for Shree Bhawani Paper Mills Ltd. The court also directed that no coercive orders be passed against Shree Bhawani Paper Mills Ltd. (Corporate Debtor) by SEBI or the Bombay Stock Exchange, which could affect the corporate insolvency resolution processes. The Resolution Professional is required to ensure compliance with SEBI procedures during the moratorium period.

Anju Agarwal, R.P. for Shree Bhawani Paper Mills Ltd., filed an appeal against Bombay Stock Exchange & Ors. The appeal was delayed in re-filing, which the court condoned. The court issued notices to the respondents to determine why an appropriate order should not be issued to ensure a proper insolvency resolution process for Shree Bhawani Paper Mills Ltd. The court also directed that no coercive orders be passed against Shree Bhawani Paper Mills Ltd. (Corporate Debtor) by SEBI or the Bombay Stock Exchange, which could affect the corporate insolvency resolution processes. The Resolution Professional is required to ensure compliance with SEBI procedures during the moratorium period.